in daily time frame: downtrend after a big push to the down side, it made a pullback in 3 days, formed two big wich and today it started with a big push to lower prices. it could be start of another push.
in 4h TF: its in a downtrend push phase and last candle closed very bearish, new candle is correcting and i think can go lower
the important point is it should...
USD is strong
GBP is weak
daily timefram shows bearish trend
recently broke 1.37265 4H Keylevel
and it can go more to the downside, no serious support in the way, it could go easily.
entry is below 15min fullbody bearish candle and support, if it breaks that, it should probably go down
sl above 4h KeyLevel and 0.5 Fibo for possible retracement
im going for 1to1 target . the down trend is clear.
broke 4h trend line
4h candle is in bearish situation
and if it breaks the wick it would go further more
it seems its holding 109.700 Res KL
if it breaks the 15min uptrend and enter the trade its probable to go down more to reach at least the daily Lower high, then it may reverse or go more.
the trade is valid until price holds 109.700 resistance lvl.
it reached to a keylvl on daily time frame. it touched that KL on 1H timeframe, moved down, retested that lvl, formed another double top on 1h Timeframe and showed a sell momentom and closed a good 1h candle.
entry would be on the wick of 1h candle and be carefull on 1782.00 for rejection. i think it should break that lvl and go down to Lowerlow on dailyu...
25-04-2021
IT SHOWS THAT 4HDOWN TREND IS AT THE END. PULBACK TO A KEYLEVEL IS FORMED. IT CAN GO UP NOW.
ITS A BUY STOP ON 0.2945
IF IT COULDNT BREAK 0.4130 IT CAN BE A EXIT SIGNAL WITH PROFIT
its coming to a powerful res. it could return down, waiting for rejection pattern on the (1.72800 - 1.72900) area
MACD Although will be in good form there
